12 Information Technology Stocks Moving In Monday's Intraday Session

EinStrong Invests $2M In authID’s Biometric Identity Technology To Secure Its Mission To Fight Poverty And Educational Inequality

authID® (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced a $2 million technology licensing, services, and support agreement with the EinStrong Charitable

authID Enters $1.35M Private Placement Of Convertible Debentures, Warrants

Holders of Debentures Issued in April 2026 Agree to Extend Maturity through February 2027DENVER, Oct. 05, 2026 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID) ("authID" or the "Company"), a leading

Shares of software companies are trading higher amid falling oil prices and a broader tech rally, as Nvidia reaches a new all-time high and investors anticipate a $6 trillion valuation by the end of the month.

Shares of software companies are trading lower as rising oil prices and Treasury yields weigh on broader market sentiment. Elevated energy prices are fueling inflation concerns and expectations for interest rates to remain elevated, potentially pressuring growth-oriented stocks.

Strength Seen in Allegro MicroSystems (ALGM): Can Its 8.7% Jump Turn into More Strength?

Allegro MicroSystems (ALGM) rallied 8.7% to $39.53, driven by strong growth in its data center business fueled by AI server demand and multiple design wins in data center and robotics. The company expects Q1 FY2027 EPS of $0.25 (+92.3% YoY) and revenues of $271.21M (+26.6% YoY). However, with unchanged earnings estimate revisions over the past 30 days, analysts caution that sustained momentum may require further positive estimate revisions. ALGM carries a Zacks Rank #3 (Hold).

Shares of semiconductor and chip companies are trading higher after Micron Technology's strong Q4 financial results and guidance demonstrated growing demand. The sector may be reflecting traders' bullish position in South Korea's KOSPI and Japan's Nikkei.